how long do you usually get after your stop mortgage payments before bank repo's house? 30? 60? days more? less? anyone know for sure?
2007-08-05 14:50:03 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
TALK TO YOUR BANK.....They will work with you on payments
2007-08-05 14:57:32 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Hey, if you're in trouble, ask for help EARLY. There are investors who can help you in the near term, saving your credit, and keeping the ugly red "F" off of your permanent file.
Someone can buy your property "subject to existing financing", make the payments for you, in exchange for some amount of equity after the sale.
The earlier you act, the better your results will be.
2007-08-05 15:00:40 · answer #2 · answered by Lion J 3 · 0⤊ 0⤋
It is really dependent on your mortgage company and your payment history...it is in most cases it is 90 days...but it could be after you miss your 1st payment if you have a really bad payment history.
2007-08-05 14:56:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depends on the lender involved, but they rarely go past 90 days in default. It will take some time after they decide to initiate foreclosure proceedings before they actually take ownership from you, and then cause you to leave the premises.
2007-08-05 14:53:54 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
I know that in Australia, they have to notify you in writing before they repossess your house.
2007-08-05 14:59:15 · answer #5 · answered by thats_tops_aussie 3 · 0⤊ 0⤋
You can ask any real estate agent. They should know, because that's part of their RE exams.
2007-08-05 14:58:21 · answer #6 · answered by InspectorBudget 7 · 0⤊ 0⤋